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New Skies Plans Second Share Buyback
New Skies Satellites [NYSE: NSK] has announced plans for a second share buyback of up to 10 percent of its outstanding shares. The Feb. 11 announcement came as little surprise […]
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The Satellite News Financial Ticker
Week of Feb. 6 – 12, 2004 Percentage Change Symbol Feb. 12 Price One Week One Month Three Month Year to Date Operators APT SATELLITE HLDGS ATS 2.55 1.2 (10.5) […]
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Satellite TV Mulls Comcast Proposal
The hostile takeover bid for Disney [NYSE: DIS] by cable TV industry giant Comcast [Nasdaq: CMCSA] could create an entertainment and multichannel video service behemoth that would intensify the competitive […]
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Satellite Radio Orchestrates Growth
The enormous potential of satellite radio to gain broad consumer acceptance was exhibited again last week when both U.S. service providers took turns crowing about major accomplishments. Washington-based XM Satellite […]
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DirecTV Sacrifices Short-term Profits For Growth
The peculiar part about satellite TV subscriber growth is that the cost of boosting revenues typically batters a service provider’s bottom-line. The phenomenon repeated itself last week when Hughes Electronics […]
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Sirius Announces Pricing of Convertible Notes Offering
New York-based Sirius Satellite Radio [Nasdaq: SIRI] announced that it priced an offering of $250 million of 2-1/2 percent convertible notes due 2009, to a qualified institutional buyer. Sirius has […]
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Court Approves DirecTV Latin America’s Reorganization Plan
The U.S. Bankruptcy Court in Wilmington, Del., has approved DirecTV Latin America‘s plan of reorganization, setting the stage for the Hughes Electronics‘ [NYSE: HS] subsidiary to emerge from Chapter 11. […]
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Iridium Introduces New Distress Signals For Ships
Arlington, Va.-based Iridium Satellite has introduced a new range of maritime satellite communication services aimed at helping ship owners cost-effectively meet new International Maritime Organization (IMO) requirements for ship security […]
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Editor’s Note
SATELLITE TODAY will not publish on Monday in observance of the Presidents’ Day holiday. You will receive your next issue on Tuesday, Feb. 17.
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T. Howard Foundation Plans To Honor Starz Encore, BET Leaders
The satellite industry’s 11th annual T. Howard Foundation fundraising dinner, scheduled for April 14 in New York, will include the presentation of awards to two industry visionaries. The group, created […]
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LogicaCMG, New Skies Deliver Secure IP Services
LogicaCMG successfully demonstrated Friday its secure multicast system over a live satellite network using New Skies’ [NYSE: NSK] IPsys service. The system employs new security mechanisms to improve the flexibility […]
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XM Tops 1.5 Million Subscribers
Washington-based XM Satellite Radio [Nasdaq: XMSR] topped the 1.5 million subscriber mark this month, while also reporting that its fourth quarter financial performance beat the guidance it had given Wall […]
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DirecTV Names Giacalone To Head Customer Service
El Segundo, Calif.-based DirecTV appears to be looking for a way to reduce its monthly churn by naming an executive vice president of customer satisfaction. The satellite TV service provider […]
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ViaSat To Supply VSAT Systems for Iraq
ViaSat [Nasdaq: VSAT], a Carlsbad, Calif.-based satellite technology company, received a contract for more than $7 million from Lockheed Martin Integrated Systems [NYSE: LMT] for satellite equipment to be installed […]
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AsiaSat Buys Integrated Satellite System
Asia Satellite Communications Co. (AsiaSat) [NYSE: SAT], a Hong Kong-based satellite operator, agreed to buy a single consolidated primary satellite control system from Integral Systems [Nasdaq: ISYS], a Lanham, Md.-based […]
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RadioShack, EchoStar and Sirius Form Marketing Alliance
Ft. Worth, Texas-based electronics retailer RadioShack [NYSE: RSH], Littleton. Colo.-based satellite TV service provider EchoStar Communications [Nasdaq: DISH] and New York-based satellite radio service provider Sirius Satellite Radio [Nasdaq: SIRI] […]
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Intelsat Receives FCC Approval For Loral Transaction
Intelsat announced that the Federal Communications Commission (FCC) has approved the transfer of FCC licensesfor Loral Space and Communications‘ [OTCBB: LRLSQ] North American satellite assets to Intelsat. The regulatory nod […]
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Elektra Plans To Expand VSAT Network
Elektra, a Mexican-based home appliance retailer, plans to expand its VSAT network with the help of Israel’s Gilat Satellite Networks [Nasdaq: GILTF]. Elektra’s network provides internal connectivity services to its […]
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American Wireless Expands Role With EchoStar
Campbell, Calif.-based American Wireless, a North American wireless retail distributor, has agreed to begin selling the satellite TV services of EchoStar Communications [Nasdaq: DISH] and its DISH Network nationally, rather […]
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Hughes Revenues Rise, While One-time Charge Spurs Bottom-line Decline
El Segundo, Calif.-based Hughes Electronics [NYSE: HS] reported that its fourth quarter 2003 revenues rose more than 20 percent to $2.95 billion, on the strength of rising subscriber gains and […]
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Sirius To Air Wall Street Journal Network
Sirius Satellite Radio, [Nasdaq: SIRI] has agreed to broadcast The Wall Street Journal Radio Network throughout the United States. Starting this month, subscribers will be able to hear hourly market […]
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KVH Launches New Tracphone
KVH Industries [Nasdaq: KVHI], a Middletown R.I.-based manufacturer of mobile communication products, has introduced a new compact satellite communication device to offer global voice coverage. The device, called the Tracphone […]
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DirecTV Appoints New Senior Executive
El Segundo, Calif.-based DirecTV, the largest U.S. satellite television services provider, added to its executive team by naming Richard Slenker to become its executive vice president of technology and engineering […]
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Metro Fuel Chooses Satellites for Tanker Control and Security
Satellite Security, a San Diego-based company that provides secure Global Positioning System (GPS) services, has signed a pact to monitor oil tankers for New York-based Metro Fuel Oil. No financial […]
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EGNOS Undergoes Test in China Before Mid-Year Launch
The European Geostationary Navigation Overlay System (EGNOS), designed to improve the accuracy of satellite global navigation systems, is now undergoing tests prior to service launch in the middle of the […]
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Cisco, Surrey Deploy Router in Space
VIENNA, Va. — U.S.-based Cisco Systems [NYSE: CSCO] and British small satellite manufacturer Surrey Satellite Technology have successfully launched and deployed a “router in space.” The Cisco-supplied router is part […]
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Gilat Introduces Next Generation of SkyEdge
Gilat Satellite Networks [Nasdaq: GILTF], an Israeli-based satellite communications company, has developed a new generation of products called the SkyEdge family. The SkyEdge product family includes a series of VSAT […]
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Sirius, Standard Team To Offer Satellite Radio In Canada
Standard Radio, a Toronto-based radio broadcasting company, is the latest partner to team up with New York-based Sirius Satellite Radio [Nasdaq: SIRI] in an attempt to bring satellite radio to […]
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Intelsat Sees Opening For IPO
Intelsat is preparing to pursue its long-anticipated initial public stock offering (IPO) at a time when the market for such transactions appears to be recovering. The plan is for Intelsat […]
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PanAmSat Shows The Money
Joe Wright, the president and CEO of Wilton, Conn.-based PanAmSat [Nasdaq: SPOT], characterized his company during last week’s earnings conference call as the world’s top-performing and best-positioned fixed satellite services […]